₦airaland Forum

redsox11:
Hedge is like, I don't want to deal with this loss right now, I'm just going to hedge it... I'm going to deal with it later.
Of course, it's not going to go away, it's still there waiting for you.

So hedging can be profitable and some folks out there use hedge as sort of trade management.

I guess what I'm trying to say is it, you will still have to accept loss, because you can hedge and the trade goes fine, BRAVO... you can hedge and it get even WORSE.

I try not to talk too much.

Get a demo account, take one bad trade then hedge it ANYWHERE you like. Note the floating loss on the account.

Then give me the login details. Within 5 trading days, I will return the account to you in profit trading ONLY that pair.

Maybe later, you can drag and drop the trades one after the other on the chart and see how I went about resolving the hedge at different points in time.

NOTE : Once you know how to draw TRUE support/resistance levels, you can resolve any hedge without breaking sweat. Support/Resistance levels are DECISION points. Price will either break or bounce at these points. So you can always remove one side and allow the other correct until the next decision point where you can hedge again.

The big question is: DO YOU KNOW HOW TO DRAW SINGLE LINES ON ANY TIME FRAME WHERE PRICE WILL REVERSE?

I've got a cheap course on support/resistance. Those interested can contact me.

meshpips:
USDCHF

Sell at current price (1.0011)

Stop loss 100 pips

Target : open

close the trade!

Opengates:
Forex Morning Flight: These are the signals we got this morning, anybody wants to key?

Follow us...

The day is just starting

NB: Are you still struggling to make money as a Forex trader? Consider this precious Dashboard Custom indicator, no prediction, no forecast, no analysis (DFY) and no stress. Just follow a simple 4-step instruction, trade the market and you are moving towards your dreamland flowing with EASY green pips and profits. It operates on the MARKET's real time data extraction. Recover your past losses and make more to your own good.

Forex all the way!

Kindly check your CHFJPY signal.

I just bought that pair.

Thanks

USDCHF

Sell at current price (1.0011)

Stop loss 100 pips

Target : open

infofirst:
Usdjpy... I feels 107.4*-6*...108? Anything is possible in this market. Never say never. I struggled to join the sell along the way and exit. Now I will be eyeing 107.4*-107.6* to rejoin the seller iff...

Thanks for sharing your outlook.

Let's see how it plays out.

Let's see how this new entry will fare.

Remember that VAP already highlighted 108.11 as intra - week resistance for the adjusted price?

So we can expect to close our buy trades anywhere between 108.11 - 108.407

redsox11:
I don't understand, the chart shows when you said BUY USDJPY. Price went south since then.
Are you saying you don't accept loss?? you just hedge the trade that goes against you?
So when do you release the hedge?

I thought you mentioned you update your vap value every hour?
You mentioned intra-week just now?

hedging a trade is like pressing the PAUSE button. It is almost same as cutting the trade only that you really do not have to cut anything.

The hedge can be resolved at any support/resistance level of choice.

Think about this as regards cutting trades:

a lady has br**st cancer, they CUT off the br**st. Does she still survive in the end?

Companies "down size" or "right size". Don't many of them still go belly up?

You cut 50% loss and now need to make 200% profit to get back to where you were before.

Brother, think for yourself and stop accepting the plenty untrue and illogical stuff they have been parading in the face of traders.

NOTE: Regarding the intra - week analysis, you always should have a broader overview . I am undoubtedly an intra - day trader but I have a very good overview of longer duration.

buy usdjpy 107.064

Enjoy the trade!

redsox11:
Hit your SL unless you are not using SL. Dropping like stone since your buy call.

Go for it, if you can, I'm sure you are aware of the extra pressure it does bring to trading.

My intra-week VAP analysis shows that this week's resistance is at 108.11 .

Price needs to re - visit this level 'cos that's that's where sellers would be waiting (between 108.11 - 108.407)

Regarding SL, I don't use it. I simply hedge the trade and resolve them at the appropriate support/resistance level.

Buy USDJPY at current price.

Target 108.10

Then maybe 108.38

Happy trading!

saxy4c:
How accurate in percentage win ratio?

I will be linking one account to myfxbook latest Friday.

From then on, everything that I do will become transparent for all to see.

My win rate is usually within the 80 -90 % region.

meshpips:
USDJPY

This pair is over - extended to the upside.

IF the current hour closes with as a bearish bar, I recommend selling this pair.

We got the bearish close.

Time to sell

infofirst:
Am watching too. I even placed a pending at 108.50. The thing eye am and refused to pick... Still waiting thou.

The resistance was at 108.43

But safer would be to wait for a bearish H1 candle before selling.

Divergence spotted on NZDUSD (buy side)

Traders should look out for opportunities to buy this pair.

USDJPY

This pair is over - extended to the upside.

IF the current hour closes with as a bearish bar, I recommend selling this pair.

redsox11:
That's great recovery. Just keep at it with controlled risk, you will come back to +ve.


I probably said something that ticked you off or something I did that you misconstrued. AND I'm truly sorry about that.

I don't claim to know more than you do or others.
No vex, abeg you.

I think all traders here should henceforth put a link to their myfxbook account in their signature.

It would help others know that currency trading is real and newbies will know who they can truly follow.

If I have people in consent, let's quote this post and indicate that they are in agreement.

@rabbidoracle,

let's play one quick game

1. d4

redsox11:
So guys REPORT , what % of your account did you make this month? Or is it a negative month for you?
Guys comment and let us know. And indicate if it's live or demo.

I did about +4% this month in my main account. Live account.

My Bosses don't be shy, post yours. For motivation purposes ONLY

bojbest
alphanomega
bullbearmkt
edd1e
ooba
pinbar
pjames1
pipnator10
infofirst
benqozenero
currentprice
longlife20
priceaction
fxwarrior
bigbasho
sunnycliff
awesomeduru
meshpips
jerryq

I don't even have any account linked to myfxbook.

We can do that in this new month and have every trader put a link in their signature.

BullBearMkt:
Sir,
...one of my mentors was a former Market Maker on the floor of NYSE & the other a renowned Stocks & Commodity/Future trader

Okay, I hear you.

BullBearMkt:
...deep pockets always use fear & greed tools

Sir,

have you ever traded side - by - side these "deep pockets"?

BullBearMkt:
... Leave Ichimoku for the Japanese to work with. Slow, sluggish, laggard but STEADY if you know how to effectively use it

In my opinion, this is one of the best and most balanced indicator there is out there.

This indicator picks even VWAP levels extremely accurately.

Oh! Pardon me, my oga BBM said that VWAP is only applicable intra-day and cannot be scaled up to be applicable for longer duration.

TraDeRR:
What do I know ! Lol
For this nse that has damage all tools back to back.. I know nothing oo

My admonition, learn my VAP technique and everything would become clear.

Benqozenero:
Thanks for this enlightenment. Can you please share with us the VAP indicator you are using so we apply on our chart and see how we can get use to it to improve our trading!

My VAP indicator is an Excel Template which I update hourly.

That's for NZDUSD so far today.

Benqozenero:
Thanks for the explanation on this. But how do we apply this into our trading? Is it that when analysing the chart (drawing our Trendline, Support/Resistance level, Zigzag pattern etc), we should not use the price we see on the chart rather the VAP? Please throw more light on this.

You can use those price points only AFTER determining where the TRUE price is located. The VAP will also show you where the TRUE support/resistance levels are.

The deviation of price above/below VAP can also tell you when a particular bull/bear move is exhausted and ready to reverse.

There are quite a lot of ways to use VAP but the above mentioned are just a few.

Every price point has an ON -TO (ONE TO ONE) mapping with ordinary price. So once I see maybe a support on VAP, I can easily get the location on the ordinary price chart which other traders are looking at.

onegentleguy:
This is what @RabbiDoracle has been saying all along when he stated that mid August(when the market was apparently in its weakest state) was indeed the best time to have keyed in.
U would no doubt find that those who bought into(the then weakest market state) ACCESS @ N5.7 . . .

Regards.

Those that are close to me got this trade recommendation when price was trading between 5.80 - 6.00

Abeg make I leave this device battery to charge and see whether I can get a little shut eye.

onegentleguy:
And waiting SOLELY for price to move above the clouds entails applying an extreme conservative approach to investing.
...and the problem with such conservative approach is that 88% of the time, u tend to eventually get higher price bands and lesser VALUE for ur money.(value behind the price in view)

This is why I have always said that the TECHNICAL direction of an asset play should be blended with its FUNDAMENTALS and seasoned with the SENTIMENT at the time(surrounding risk adjusted return in view) to give one a much better footing.
The RIGHT MIX of a combination of KEY variants will more often than not put u 'thirteen steps ahead'

Cheers.

The conservative trader has length of days.
Many people try to catch the bottom like I'm watching and wondering why people are still trying to buy GTB shares.

After a bearish trend, the first TRUE sign of real bulls is when they have absorbed all the supply at a resistance level and made a new high. Only after this can someone buy into the retrace, knowing his true value at risk (below the most recent low).

By so doing, the trader would be positioned for an explosive wave 3 . The strongest and usually the longest wave out of the five.

My VAP technique can pick the very bottom but that one na food for elders alone.

One word of caution to those using Ichimoku for analysis :

The default setting has 52, 26 for a reason.

How many WEEKS do we have in a year?

What is HALF the value of the answer above?

50% is somewhat a BALANCE point.

My recommendation : USE ICHIMOKU ON WEEKLY TF IF YOU ARE USING THE DEFAULT SETTING.

Agbalowomeri:
Remember the daily has broken the clouds on previous two occasions
And still landed below, without the weekly following
My primary concern is the volume, the overall daily volume does not suggest accumulation albeit in some few stocks.
So, I won't be surprised if the daily lands back below the cloud after October

When price is still within the clouds there is no respite yet. The respite only comes when price gets beyond the clouds.

Yesterday's draw games ended 1/3.
I suggest that draw games be played as SINGLES.
Because the risk : reward is 1 : 3
All we need is a win rate of 33.3% to remain profitable.
Kindly note that with this win rate Kelly's criterion recommends using 3% of your bank roll per stake.

Today's Draw Game

Spain

Espanyol VS Valladoid

All the best!

UNDERSTANDING HOW VOLUME IS RECORDED ON EXCHANGES

Greetings everyone,
here is a little post to help some people understand the logic behind my volume adjusted price (VAP) technique.
Imagine you are a bitcoin exchanger and had four transactions yesterday as follows:

1. Sold $2,000 worth of bitcoin
2. Bought $300 worth of bitcoin
3. Sold $1,000 worth of bitcoin
4. Bought $100 with of bitcoin

What is the EFFECTIVE (or NET) buy/sell volume done?
Buy transactions = $300 + $100 = $400
Sell transactions = $2,000 + $1,000 = $3,000
Net transaction = $3,000 - $400 = $2,600 (sell side)

The effective (or net) transaction done is $2,600 sell.
Now, someone else who is not keeping track of whether the transactions are buy/sell would record the effective transaction differently as shown below:

$2000 + $300 + $1,000 + $100 = $3,400

The value above is the TOTAL volume done ($3,400) while ($2,600 sell) is the EFFECTIVE or NET volume done.

MT4 records TOTAL volume transacted but what we really need to know is the NET volume.

So while you will be seeing price at $3,400 on your MT4 screen, the TRUE price is actually at $2,600 (sell side).

Ordinary price will keep on deceiving you. Until and unless you adjust the price in keeping with the volume and order type, you will not be able to get a TRUE representation of what is happening in the market.

I do hope that this post helps someone understand the need to use VAP instead of ordinary price.

Thank you.

Greetings everyone,
here is a little post to help some people understand the logic behind my volume adjusted price (VAP) technique.
Imagine you are a bitcoin exchanger and had four transactions yesterday as follows:

1. Sold $2,000 worth of bitcoin
2. Bought $300 worth of bitcoin
3. Sold $1,000 worth of bitcoin
4. Bought $100 with of bitcoin

What is the EFFECTIVE (or NET) buy/sell volume done?
Buy transactions = $300 + $100 = $400
Sell transactions = $2,000 + $1,000 = $3,000
Net transaction = $3,000 - $400 = $2,600 (sell side)

The effective (or net) transaction done is $2,600 sell.
Now, someone else who is not keeping track of whether the transactions are buy/sell would record the effective transaction differently as shown below:

$2000 + $300 + $1,000 + $100 = $3,400

The value above is the TOTAL volume done ($3,400) while ($2,600 sell) is the EFFECTIVE or NET volume done.

MT4 records TOTAL volume transacted but what we really need to know is the NET volume.

So while you will be seeing price at $3,400 on your MT4 screen, the TRUE price is actually at $2,600 (sell side).

Ordinary price will keep on deceiving you. Until and unless you adjust the price in keeping with the volume and order type, you will not be able to get a TRUE representation of what is happening in the market.

I do hope that this post helps someone understand the need to use VAP instead of ordinary price.

Thank you.

Hello everyone,
three games to end as full time draw :

Bournemouth VS west Ham

Oldham VS Carlisle

Middlesbrough VS Sheffield Wednesday

All the best guys!

meshpips:
I am currently selling.

Maybe later tomorrow, I will go long.

Price needs to visit the support on H1 done on Monday. That's where it would find demand.

@jerryQ hope you now see GU? It is back to the support level for Monday